Latest news with #SFS
Yahoo
20-05-2025
- Business
- Yahoo
FLYW Q1 Earnings Call: Revenue Beats, Margin Pressures, and Expansion in Education and Travel
Cross border payment processor Flywire (NASDAQ: FLYW) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 17% year on year to $133.5 million. The company expects next quarter's revenue to be around $124.4 million, close to analysts' estimates. Its non-GAAP profit of $0.11 per share was in line with analysts' consensus estimates. Is now the time to buy FLYW? Find out in our full research report (it's free). Revenue: $133.5 million vs analyst estimates of $127 million (17% year-on-year growth, 5% beat) Adjusted EPS: $0.11 vs analyst estimates of $0.12 (in line) Adjusted Operating Income: $19.9 million vs analyst estimates of -$29,580 (14.9% margin, significant beat) Revenue Guidance for Q2 CY2025 is $124.4 million at the midpoint, roughly in line with what analysts were expecting Operating Margin: -8.2%, down from -5.2% in the same quarter last year Free Cash Flow was -$80.39 million compared to -$42.3 million in the previous quarter Billings: $133 million at quarter end Market Capitalization: $1.38 billion Flywire's first quarter results were driven by robust client acquisition, expansion in both core education and travel verticals, and a continued emphasis on software-driven payment solutions. Management detailed how new wins, particularly in the U.K. and non-traditional education markets, alongside the integration of recent acquisitions like Sertifi, contributed to revenue growth. CEO Mike Massaro highlighted, 'We continue to see huge demand for Flywire solutions as evident by our signing of 200 new clients this past quarter.' Looking forward, Flywire's outlook reflects cautious optimism, balancing positive trends in travel and healthcare with ongoing macroeconomic uncertainty, especially within North American education. The company maintained its full-year guidance, with CFO Cosmin Pitigoi emphasizing that operational efficiency measures and investments in automation are intended to drive margin expansion despite anticipated headwinds. Management also noted that upcoming quarters will depend on factors like visa policy changes and macro shifts in major student markets. Flywire's Q1 performance outpaced Wall Street's revenue expectations, underpinned by product expansion and geographic diversification. Management attributed growth to new client wins and product enhancements across its verticals, while also acknowledging pressures from macro trends and policy changes. Education Market Diversification: Flywire capitalized on shifts in international student flows, expanding beyond the U.S., U.K., Canada, and Australia into markets like Germany, France, Japan, and Singapore. New contracts and product integrations in these regions helped offset weakness in more traditional destinations. Product Suite Expansion: The company's introduction of new software products, such as StudyLink and Student Financial Services (SFS), drove deeper client engagement, particularly in the U.K. and U.S. Management highlighted that the attach rate for these services remains low, presenting ongoing growth opportunities. Travel Vertical Growth: Flywire's travel segment benefited from both organic growth and contributions from the Sertifi acquisition, which added software-driven payment capabilities and facilitated cross-selling. Integration efforts with Sertifi are yielding early wins and expanding the client base, especially among luxury and boutique hotels. Operational Streamlining: An ongoing operational and portfolio review resulted in cost optimization, restructuring, and centralization of payment strategies. Efforts included investments in procurement, automation, and digital transformation to drive efficiency and support future scalability. Resiliency Amid Macro Headwinds: Management emphasized Flywire's low churn rates, strong client retention, and the ability to adapt product offerings in response to evolving market conditions, particularly in education and healthcare sectors. Management's outlook for the remainder of the year is shaped by ongoing geographic expansion, product innovation, and operational discipline, but acknowledges risks from macroeconomic and policy uncertainty in key verticals. Geographic and Vertical Expansion: Growth in non-traditional education markets and the continued scaling of the travel segment, especially with Sertifi, are expected to drive future revenue. The healthcare vertical is also positioned for an uptick as new integrations and client wins materialize. Operational Efficiency Initiatives: The company is pursuing margin expansion through automation, vendor consolidation, and streamlining of global operations, with plans to reinvest savings into data, analytics, and product development. Macroeconomic and Policy Risks: Guidance assumes persistent headwinds in U.S. education due to visa policy changes and softer demand from international students, as well as anticipated declines in Australia and Canada. Management stated that 'all this will be data dependent as we balance hiring and additional OpEx levers.' John Davis (Raymond James): Asked about the drivers of revenue growth reacceleration in the second half; management cited easier year-over-year comparisons, normalization in Canadian education, and new client ramp-ups in healthcare and SFS. Timothy Chiodo (UBS): Inquired about U.K. education growth and its revenue contribution; CFO Cosmin Pitigoi confirmed the U.K. is now Flywire's largest education market, driven by new software product adoption. Tien-Tsin Huang (JPMorgan): Sought clarity on what fueled Q1 outperformance and management's confidence in maintaining growth; management pointed to travel and Australian education segments as key contributors, with a conservative outlook for the rest of the year. Dan Perlin (RBC Capital): Asked about Flywire's market penetration in the next 20 education markets and the timeline for converting travel customer backlogs; management noted strong addressable opportunities and faster deployment cycles in travel. Tyler DuPont (Bank of America): Requested updates on competitive dynamics in education and the status of operational reviews; management indicated that product quality remains the key differentiator and outlined progress on cost optimization and pricing strategies. In the upcoming quarters, the StockStory team will be watching (1) the pace of client adoption for Flywire's expanded software suite in education and travel, (2) the effectiveness of operational efficiency measures in supporting margin improvement, and (3) the impact of macro and visa policy developments on student flows in North America and Australia. Execution against these factors will be key to tracking Flywire's progress toward its full-year goals. Flywire currently trades at a forward price-to-sales ratio of 2.3×. In the wake of earnings, is it a buy or sell? See for yourself in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
Straits Times
15-05-2025
- Entertainment
- Straits Times
Film picks: Oscar-nominated Memoir Of A Snail, Reel Rock 19 climbing anthology, horror film Final Destination Bloodlines
Memoir Of A Snail, the stop-motion animated film by Australian film-maker Adam Elliot, makes it Singapore premiere. PHOTO: ARENAMEDIA Memoir Of A Snail (M18) 94 minutes Australian film-maker Adam Elliot's first feature, Mary And Max (2009), a bittersweet tale of a young chocolate-loving misfit from Melbourne and her pen-pal friendship with a reclusive, middle-aged New Yorker, was a hit with animation fans and critics. It established Elliot as a brilliant storyteller whose mordant sense of humour is matched by his faith in the human capacity for kindness and kinship. Memoir Of A Snail (2024) is the much-anticipated follow-up. Its Singapore premiere is co-presented by the Singapore Film Society (SFS) and The Projector, in partnership with the film festival Animation Nation. Told in a style Elliot calls 'clayography', in which pieces of clay are hand animated, frame by painstaking frame, the story of Grace Pudel (voiced by Emmy-winning actress Australian Sarah Snook) unfolds. She is a snail collector and a fan of guinea pigs and romance novels. Following a brutal separation from her beloved brother, Grace falls into despair. She meets the eccentric Pinky (double Oscar nominee Jacki Weaver), an older woman with an unconquerable zest for life. The film earned an Oscar nomination in 2025 for Best Animated Feature, and its other awards include Best Feature at the Annecy International Animated Film Festival in 2024. Where: Majestic Hall, The Projector at Cineleisure, 8 Grange Road MRT: Somerset When: May 17. 5.30pm Admission: $17.50 standard, with concessions; free for SFS members Info: For details and to book, go to Reel Rock 19 (NC16) 137 minutes A still from the documentary Death Of Villains, part of the Reel Rock documentary presentation. PHOTO: GARETH LEAH Every year, this festival travels the world showcasing films dedicated to the sport of climbing. The 19th edition features three documentaries in one anthology. Death Of Villains follows a climber seeking to redeem himself with a difficult climb, helped by a partner – the villain of the title – with a shady past. Riders On The Storm sees three Belgians braving icy conditions during a hazardous ascent in South America's Patagonia region, while in The Cobra & The Heart, a climber who betrayed his loved ones and abandoned all he once cherished tries to fix his mistakes. Reel Rock's premiere day, May 17, will be marked by a pop-up market from 12.30 to 6pm on level 5, with the participation of local brands Full Crimp Milk, Boulder Planet, Mag on crag, Isaac Thread and Your Local Newsstand. Where: Projector at Cineleisure, 8 Grange Road MRT: Somerset When: May 17 and 24, June 1 and 7, various times Admission: $19 (standard), $17 for students and full-time national servicemen Info: For details and to book, go to Final Destination Bloodlines (R21) 110 minutes, now showing ★★★★☆ Kaitlyn Santa Juana in Final Destination Bloodlines. PHOTO: 2025 WBEI The sixth movie in the slasher franchise follows college student Stefani (Kaitlyn Santa Juana), who is failing her classes because of nightmares about a mass death event. She investigates their source, involving her grandmother Iris (Gabrielle Rose) and a catastrophe she averted in 1968, creating generations which might not have existed. Death will wipe them out, unless Stefani and her brother Charlie (Teo Briones) thwart the process. This franchise is popular, but has not scaled horror fandom heights, due to its pessimistic tone. The new movie plays to its strength, death's inevitable but sudden appearance, in a way that is both darkly funny and horrifying. The opening scenes contain a catastrophe that sets Death's machinations in motion. This time, the creators opted for a more elaborate setup - the opening gorefest is pretty, with the 1960s aesthetics adding fresh poignancy. Join ST's Telegram channel and get the latest breaking news delivered to you.
Time of India
13-05-2025
- Sport
- Time of India
Schools must register on portal for district, state tourneys
Ghaziabad: All schools, students and sports teachers will now have to register on the govt portal to participate in any sports activities at the district or state levels under the newly implemented Sports for Schools (SFS) programme in UP. An official letter from the directorate office states that despite previous instructions, a significant number of schools are still unregistered. "The SFS programme is designed to foster a robust sports culture, providing students with opportunities to excel at national and international levels," the letter further said that block education officers are now tasked with ensuring all schools in their jurisdictions are registered promptly. "District basic education officers must compile and submit the collected data to the directorate within 10 days. This move is part of a broader effort to promote holistic student development through enhanced physical education and sports infrastructure," it read.
Time of India
24-04-2025
- Business
- Time of India
OSSSC CRE result 2025 declared: Check list of qualified candidates for RI, ARI, Amin & other posts here
OSSSC CRE result 2025 released: Candidates shortlisted for RI, ARI, Amin and other posts OSSSC CRE result 2025 out: The Odisha Subordinate Staff Selection Commission (OSSSC) has officially declared the result for the Combined Recruitment Examination (CRE)-2023 (IV) on its website, The result pertains to various posts including Revenue Inspector (RI), Assistant Revenue Inspector (ARI), Amin, ICDS Supervisor, and Statistical Field Surveyor (SFS). The OSSSC CRE Result 2025 has been released in PDF format, listing the roll numbers of candidates who have successfully qualified in the Preliminary Examination. These candidates have been provisionally shortlisted for the Mains Examination, the next stage in the recruitment process. Result announced for multiple posts under CRE-2023 (IV) As per the official notification titled 'Notification No. IIE-57/2024-919/OSSSC dated – 23.04.2025,' candidates can view and download the result PDF from the "Recruitment News" section on the OSSSC website. The recruitment drive aims to fill a total of 2895 vacancies across the five aforementioned posts. The Preliminary Examination for these posts was conducted between September 20 and October 8, 2024. Based on the performance in this exam, the Commission has shortlisted candidates in a ratio of five times the number of vacancies. This marks a significant step in the selection process, ensuring that the most eligible candidates move forward. Selection process includes multiple stages The recruitment process consists of three main stages — the Preliminary Examination, the Mains Examination, and a Practical Skill Test in Basic Computer Skills. To qualify the skill test, candidates must secure at least 40% marks. Those whose roll numbers appear in the result PDF are now eligible to appear for the Mains Examination. How to check OSSSC CRE result 2025 To access the result, candidates should: Step 1: Visit the official OSSSC website: Step 2: Navigate to the 'Recruitment News' section on the homepage Step 3: Click on the notification titled 'Notification No. IIE-57/2024-919/OSSSC dated – 23.04.2025' Step 4: Open and download the result PDF Step 5: Search for their roll number in the list Direct link to check OSSSC CRE result 2025 Next steps for shortlisted candidates The OSSSC has not yet announced the schedule for the Mains Examination. Candidates are advised to regularly check the official website for updates and begin their preparation accordingly. The release of the preliminary results brings them one step closer to securing a position among the 2895 vacancies available across Odisha. For real-time updates, follow our AP SSC 10th Result 2025 Live Blog.
Gulf Weekly
03-04-2025
- General
- Gulf Weekly
The art of caring
Several initiatives are being staged across Bahrain to raise awareness about autism and celebrate the abilities and achievements of individuals on the spectrum, coinciding with World Autism Awareness month in April. Special Families Support (SFS) Bahrain group has made a striking collage of handprints, showcasing their commitment to the cause. The artistic initiative is part of their special campaign entitled 'Growing together in autism acceptance'. SFS families and friends were invited to share handprints of any colour with their name on it and the submissions were compiled to produce two collages. 'This month, we celebrate our neuro-diverse children and the SFS family,' a representative of the support group told GulfWeekly. 'While spreading awareness is important, our campaign stresses on acceptance and advocacy, post awareness, as both of these are equally needed. 'Those who shared the handprints took an oath pledging their support to the cause,' she added. SFS has creatively defined 'AUTISM' by giving a new meaning to each letter, with 'a' standing for advocate acceptance, 's' for support independence and so on. Autism Spectrum Disorder is a neurological and developmental disorder that affects how people interact with others, communicate, learn, and behave. The United Nations designated April 2 as World Autism Awareness Day, however, supporters of the cause worldwide focus on activities and campaigns throughout April. This year's theme is 'Advancing Neurodiversity and the UN Sustainable Development Goals (SDGs)', highlighting the intersection between neurodiversity and global sustainability. It aims to showcase how inclusive policies and practices can drive positive change for autistic individuals worldwide and contribute to the achievement of SDGs. The Bahrain Society for Children with Behavioural and Communication Difficulties, in partnership with the Interior Ministry and Exhibition World Bahrain, will stage the annual Run for Autism on April 19, from 8am until noon, at Exhibition World Bahrain in Sakhir. 'This year's Run for Autism is made even more meaningful through the generous support of our partners. Together, we are sending a strong message of unity, inclusion and compassion,' Alia for Early Intervention and Alia Rehabilitation Centre director Dr Shaikha Rania Al Khalifa said. Both Alia for Early Intervention and Alia Rehabilitation Centre operate under the Bahrain Society for Children with Behavioural and Communication Difficulties. 'This important community initiative aims to raise public awareness, foster inclusion, and celebrate the abilities of individuals on the autism spectrum. We invite people of all ages and abilities to participate – whether by running, walking or joining the festivities in support,' society public relations head Khalid Al Awadhi said. In addition to the three- and five-kilometre runs, the event will also feature entertainment activities for families and children, awareness booths and support resources, giveaways, refreshments and more. Individuals with autism will receive special recognition as well. 'We are planning to stage a motorcycle ride for the cause on April 25,' Shahzaib's Club House founder and director Amena Shahrukh said, adding that more details will be announced soon. Shahzaib's Club House is a local community of differently abled people. It was founded by Amena three years ago, as an extension of her personal journey with her late son, Mohammed Shahzaib Lali, who was differently abled, and died of pneumonia at the age of 21. For more details, follow @ @aliaautismcenters and @shahzaibsclubhouse. SFS' campaign A: Advocate acceptance U: Understand neurodiversity T: Tolerate sensory stimming I: Integrate and educate S: Support independence M: Mandate equality
